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StrikePoint Gold Inc. — Capital/Financing Update 2021
Jul 5, 2021
42754_rns_2021-07-05_6d2c03c1-cc36-4da0-be63-fd3803e0880c.pdf
Capital/Financing Update
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Form 51–102F3 Material Change Report Section 7.1 of National Instrument 51-102 Continuous Disclosure Obligations
Item 1 Name and Address of Company
StrikePoint Gold Inc. Suite 300– 1055 West Hastings Street Vancouver, BC V6E 2E9
Item 2 Dates of Material Change
July 2, 2021
Item 3 News Release
The Company disseminated the News Release through Newsfile on July 2, 2021 and filed the same with the TSX Venture Exchange, and the British Columbia and Alberta Securities Commission on SEDAR.
Item 4 Summary of Material Change
StrikePoint Gold Inc. (“StrikePoint” or the “Company”) announced that the Company raised $4,512,500 through the sale of 18,050,000 Flow-Through Units at a price of $0.25 per Unit (the “FT Placement”).
Item 5 Full Description of Material Change
Further to its news release dated June 15, 2021 and June 16, 2021, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce it has closed its previously announced non-brokered private placement of 18,050,000 flow-through units at a price of $0.25 per unit for gross proceeds of $4,512,500. Each flow-through unit will comprise one flow through common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share of the Company at an exercise price of $0.35 per share for a period of 18 months.
The company paid $243,000 and issued 972,000 finder’s warrants in connection with the private placement. The finder’s warrants are issued on the same terms as the warrants.
The proceeds of the Placement will be utilized to fund the Company’s exploration activities at both the Porter and Willoughby properties located in the Golden Triangle of Northwest, B.C. The securities issued in connection with this private placement are subject to a hold period expiring on October 31, 2021.
Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51–102
Not applicable.
Item 7 Omitted Information
Not Applicable.
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Item 8 Executive Officer
Shawn Khunkhun, President & CEO (604) 602 1440
Item 9 Date of Report
July 5, 2021
1859498.1